NIO Target of Unusually Large Options Trading (NYSE:NIO)

Nio Inc – (NYSE:NIO) was the recipient of unusually large options trading activity on Friday. Investors purchased 258,933 call options on the company. This represents an increase of approximately 57% compared to the average volume of 164,421 call options.

Wall Street Analyst Weigh In

A number of research firms recently commented on NIO. Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Hsbc Global Res cut NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. The Goldman Sachs Group lowered shares of NIO from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $4.80 to $3.90 in a report on Monday, November 25th. JPMorgan Chase & Co. downgraded NIO from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Finally, HSBC cut shares of NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.38.

NIO Trading Up 1.7 %

NIO opened at $4.45 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.04 and a quick ratio of 0.93. NIO has a fifty-two week low of $3.61 and a fifty-two week high of $7.71. The firm has a market capitalization of $9.28 billion, a PE ratio of -2.94 and a beta of 1.68. The company’s 50-day moving average is $4.35 and its 200 day moving average is $4.75.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NIO. Allspring Global Investments Holdings LLC purchased a new position in NIO during the 3rd quarter worth $32,000. Blue Trust Inc. boosted its holdings in NIO by 138.5% during the 4th quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock worth $27,000 after acquiring an additional 3,607 shares during the last quarter. Jones Financial Companies Lllp grew its position in NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock worth $33,000 after purchasing an additional 4,332 shares in the last quarter. Sava Infond d.o.o. bought a new stake in NIO in the 4th quarter worth about $44,000. Finally, Callan Family Office LLC bought a new stake in NIO in the 4th quarter worth about $44,000. Institutional investors own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.